• How A Data-Driven Approach Boosts the ROI of Risk Control

  • Aug 1 2024
  • Length: 31 mins
  • Podcast

How A Data-Driven Approach Boosts the ROI of Risk Control

  • Summary

  • Hear how Liberty Mutual is helping its clients prevent losses through data-driven strategies and the careful application of technological innovations. Pete Miller, CEO of The Institutes, welcomes Dorothy Doyle, Senior Vice President and General Manager of Risk Control Services for Liberty Mutual, to talk about how risk control is being enhanced and expanded today.


    Dorothy talks about using risk assessments to redesign workflows and reduce losses. How risk control is evolving thanks to real-time indicators and emerging technologies. How Liberty Mutual leverages data scientists and predictive analytics to unlock hidden insights and help clients make informed business decisions. The importance of conducting statistically sound pilot programs to evaluate technological innovations before widespread implementation. And she talks about the importance of having a safety culture that drives clients to prevent losses and lower their cost of risk. Dorothy also highlights various technologies, such as machine learning, collaborative robotics, and wearable sensors, that are transforming the way businesses approach risk control.


    Resources:


    Liberty Mutual Risk Control website: https://business.libertymutual.com/services/risk-control/


    Liberty Mutual’s Workplace Safety Index: https://business.libertymutual.com/wp-content/uploads/2023/08/WorkplaceSafetyIndex_WP.pdf


    Predict & Prevent website: www.predictandprevent.org


    Sign up for our weekly Predict & Prevent newsletter: www.predictandprevent.org/newsletter

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